Group Company Note 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Changes in working capital: Inventories (54,682) 15,638 - - Receivables (364,581) (2,801) 4,689 2,421 Payables 354,443 168,245 (3,363) (5,449) Cash generated from/(used in) operations 227,150 268,943 (5,931) (14,456) Interest received 4,378 3,507 949 910 Interest paid (43,857) (34,453) (4,097) (4,470) Tax paid (21,426) (17,880) (403) (1,067) Net cash generated from/(used in) operating activities 166,245 220,117 (9,482) (19,083) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (36,645) (96,108) (139) (20) Purchase of intangible asset - (59) - - Purchase of investment properties - (44) - - Additional investment in an associate - (13,500) - - Additional investment in a joint venture - (29) - - Acquisition of a subsidiary, net of cash acquired 37 (65,388) - - - Subscription of shares in subsidiary by non-controlling interest 406 - - - Proceeds from disposal of: - property, plant and equipment 1,481 1,952 - 21 - investment in equity instruments - 3 - - - assets held for sale 10,557 45,061 - - - associate 30,800 - - - Transfer from/(to) deposits and short term investment 305 185 653 (11) Dividends received from: - subsidiaries - - 22,440 22,766 - a joint venture 4,406 360 - - - an associate 1,817 3,605 - - Net cash to disposal group 23 (11,841) - - - Advances to subsidiaries - - - (54,982) Repayments from subsidiaries - - 26,345 58,017 Net repayment from joint ventures 104 - - - Net advances from associates - (1,586) - - Net cash (used in)/generated from investing activities (63,998) (60,160) 49,299 25,791 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Annual Report 2022 Wah Seong Corporation Berhad 107
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